oil is cheap. a barrel of oil has 25,000 hours of human labor. For $100. That's basically free work that comes out of the ground. We will pay much, much, much, MUCH more.
I guess it turns out O'Reilly isn't an idiot after all. Stupid Liberals. If he is an idiot, then why is his show the number 1 viewed program on cable tv?
The supply and demand relationship DOES NOT ACCOUNT for the incredible rise in oil prices. O'Reilly isn't so much blaming speculation as he does the METHODS they use. They trade the paper 30 times per day and only have to put 8% down and can borrow the rest. Supply and demand hasn't changed that much since July and it has dropped to under $40.00. OPEC has cut production three times since July. Gee, we're in a CREDIT CRUNCH and all of a sudden, the oil bubble pops.
Congress needs to be ousted and replaced with regular people. Two term limits as well.
Everybody focuses on who the president will be when if you know your American Government basiscs, you know it's really the Congress that can call the shots. Also executive orders should be rexamined and there should be some kind of check or limit on these..otherwise it becomes a dictatorship.
That dirty rat has never spewed so many lies in one segment. Oil companies lose money if they do not report and develop reserves. Speculators dont really affect the price of oil unless they take possession of the oil and hoard it. And the price of gas has not risen linearly with the price of oil. Oil companies do not "raise" the price of gas. The market determines the price of gas. The entire market is based on speculation. If he is against that then he is a member of the dreaded far left. d'oh
"OPEC keeps the oil supply low to drive up demand." That's right low supply means higher prices which naturally leads to more demand. We just love to pay a lot for the gas.
oil is cheap. a barrel of oil has 25,000 hours of human labor. For $100. That's basically free work that comes out of the ground. We will pay much, much, much, MUCH more.
proaudiohd 10 months ago
@vargoz1 "it isn't that liberals are ignornat, it's just that they know so much that isn't so"-Ronald Reagan
jenn1ifer 1 year ago
I guess it turns out O'Reilly isn't an idiot after all. Stupid Liberals. If he is an idiot, then why is his show the number 1 viewed program on cable tv?
vargoz1 2 years ago
Draft Deferment: Vietnam O'REILLY.
PsychoTrophyWifey 2 years ago
who is hurting us at the gas pump....hmmm maybe O'REILLY whose family is all in the OIL INDUSTRY. Wake up folks
PsychoTrophyWifey 2 years ago
The supply and demand relationship DOES NOT ACCOUNT for the incredible rise in oil prices. O'Reilly isn't so much blaming speculation as he does the METHODS they use. They trade the paper 30 times per day and only have to put 8% down and can borrow the rest. Supply and demand hasn't changed that much since July and it has dropped to under $40.00. OPEC has cut production three times since July. Gee, we're in a CREDIT CRUNCH and all of a sudden, the oil bubble pops.
nowayjose470 3 years ago
you clearly dont have a clue about the way oil works
RustyShacklefuurd 3 years ago
Congress needs to be ousted and replaced with regular people. Two term limits as well.
Everybody focuses on who the president will be when if you know your American Government basiscs, you know it's really the Congress that can call the shots. Also executive orders should be rexamined and there should be some kind of check or limit on these..otherwise it becomes a dictatorship.
sandyg1955 3 years ago
That dirty rat has never spewed so many lies in one segment. Oil companies lose money if they do not report and develop reserves. Speculators dont really affect the price of oil unless they take possession of the oil and hoard it. And the price of gas has not risen linearly with the price of oil. Oil companies do not "raise" the price of gas. The market determines the price of gas. The entire market is based on speculation. If he is against that then he is a member of the dreaded far left. d'oh
Iconoclast421 3 years ago
"OPEC keeps the oil supply low to drive up demand." That's right low supply means higher prices which naturally leads to more demand. We just love to pay a lot for the gas.
isfisk2 3 years ago